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FINANCIAL NEWS
SI net income hits USD67m in 2014
12 Aug 2015
(MENAFN) Solidere International (SI) witnessed a good year in 2014 with an approximate USD67 million in net income, its construction activity in KSA and UAE witnessed great advancement thanks to a timely project execution.
Financial results will interest further investments in the company, it also reveals solid growth policies, based on a deep market insight in real estate development that thoroughly identify the right real estate product for each market.
All its projects are under construction. The luxurious, 48-storey Golden Tower, will be finished by 2016-end, plus another land development project located in Obhur, aiming at promoting a new contemporary lifestyle community to Saudis.
COO said with confident that “the company is committed to applying the highest development standards and to delivering its projects on time” and that “the first results will show towards the end of 2015 and will accelerate in 2016.”
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